/Tech11h ago

Ontario Teachers’ Pension Plan is poised to turn its 2019 SpaceX investment of $300 million into $11.6 billion

It is the fund's most successful investment in history.

2262.8K269225448.6K

#105

Original post

Steven Sinofsky#113

Sawyer Merritt@SawyerMerritt

The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial investment of about $300 million into @SpaceX in 2019.

This would make it the single most successful investment the pension plan has ever made. The Teachers portfolio, which manages $279B in assets for about 346,000 members, includes working and retired teachers in Ontario. https://www.theglobeandmail.com/business/article-ontario-teachers-pension-plan-spacex-ipo-investment/

4:08 PM · Jun 7, 2026 · 417.1K Views

/Tech11h ago

Ontario Teachers’ Pension Plan is poised to turn its 2019 SpaceX investment of $300 million into $11.6 billion

It is the fund's most successful investment in history.

2262.8K269225448.6K

#105

Original post

Steven Sinofsky#113

Sawyer Merritt@SawyerMerritt

The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial investment of about $300 million into @SpaceX in 2019.

4:08 PM · Jun 7, 2026 · 417.1K Views

Sentiment

Positive users celebrate the Ontario Teachers' Pension Plan's massive SpaceX investment gains as a win for abundance and capitalism, while negative users accuse managers of hypocrisy and shortchanging retirees.

Pos

46.1%

Neg

53.9%

59 comments with sentiment.

Cluster Engagement

Posts from X

Most Activity

VIEWS34.2KBOOKMARKS11LIKES291RETWEETS12REPLIES16

Shaun Maguire@shaunmmaguire

An incredible win for Canada’s teachers!

10h34.2K29111

Yashu Sharma 🍊@heyitsyashu

@SawyerMerritt @SpaceX Don’t forget this is the same province that tore up the starlink agreement because it was cool to protest anti-Elon

10h2.6K128

🇨🇦 Noah Webb@NoahWebb_

@SawyerMerritt @SpaceX How many of the teachers would also be in favour of Canadian boycotts on @elonmusk companies…

Oh the irony.

11h1.8K86

Sawyer Merritt@SawyerMerritt

@heyitsyashu @SpaceX Wild lol

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Shawn@RealShawn

@SawyerMerritt @SpaceX Teachers gonna lose their shit that they are being paid by Elon. 😂☠️

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Sawyer Merritt@SawyerMerritt

@SimsVincenzo @SpaceX Canada

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Vincenzo Sims@SimsVincenzo

@SawyerMerritt @SpaceX Ontario, Canada or Ontario, California?

11h3.6K13

Steven Spencer@sspencer_smb

@SawyerMerritt @SpaceX $30k per teacher. Not bad. They should distribute the shares to them.

11h1.5K81

Tristan Flynn@TristanCPDT

@SawyerMerritt @SpaceX Yet every teacher in Ontario would trash Elon and call him MAGA

11h71511

Yashu Sharma 🍊@heyitsyashu

@SawyerMerritt @SpaceX I say they should stay true to their word and give the billons of dirty money back to Elon!!!

10h61712

Ross Larsen@RossLarsen80

@SawyerMerritt @SpaceX They wrote articles about how dumb it was and how they shouldn't be investing in a space start up as a pension that had a fiscal duty to the members. All that resisted should give their portion back.

11h70915

Tikorium@tikorium

@SawyerMerritt @SpaceX I thought those folks wanted to boycott Musk…

11h5049

InOneScoop@InOneScoop

Does anyone know how Ontario Teacher Pension Plan bought non publicly traded shares of SpaceX in 2019 but say Tesla investors couldn't get an offering to buy any if they wanted to? I mean if you ever wanted to reward your long term tesla shareholders if your company went public I would say offering a chance to buy prior to it to go public like pensions and hedge funds would have been a way to go, not allocate 15% to a broker on the day that it IPOs at 1.75 Trillion valuation. Does anyone else feel like Elon played a "pull my finger" with them with this?

11h3145

YooSok // 김유석@KimYooSok

@SawyerMerritt @SpaceX They should quickly divest out of it before they profit from their enemy. Or at least donate the profits away to an NGO. The horror!

11h2795

GuildoCDA@GuyThibault13

@SawyerMerritt @SpaceX And Doug Ford, Premier of Ontario, cancelled the contract with Starlink for high-speed internet in rural and remote areas because of Elon Musk's close ties with President Trump during the period of tension surrounding auto industry tariffs. Bravo! @TheProfInvestor

8h3555

Aaron Morgan@ip1ayforkeeps

@SawyerMerritt @SpaceX Good for them. Teachers deserve it.

11h2473

steve@PsychoSteveJr

@SawyerMerritt @SpaceX Gonna be some happy teachers who probably mostly don’t like Elon

11h7655

Marina Maserati 🫐@casinobonusguy

@SawyerMerritt @SpaceX The main reason I would love to see it crash and burn lol

11h673

Lodger 🚙🏡🌤️🔋@ArcticDodger

@SawyerMerritt @SpaceX @fordnation how do you explain this? You almost dodged a multi Deca trillion dollar windfall. How much did you lose for Ontario by blaming Elon for US government decisions?

11h6105

Cory L@BeerGeeksca

@NoahWebb_ @SawyerMerritt @SpaceX @elonmusk They have underperformed the market for years. This was one of the only things performing well for them. I wonder if they sold any during liquidity events?

11h933